3 ms·
Ah. I think currency controls might have been a new term for you. Or I should have said ”capital controls” to be aligned with wiki. [1] Currency controls is wh
by ViewTrick1002 1y ago
Ah. I think currency controls might have been a new term for you. Or I should have said ”capital controls” to be aligned with wiki. [1]
Currency controls is what for example Argentine has been doing with set exchange rates and limits on conversion while mandating that all local businesses must be done in their currency.
It is not about controlling the currency, it is about creating hinders for capital movements in and out of countries.
[2]: https://en.wikipedia.org/wiki/Capital_control https://en.wikipedia.org/wiki/Capital_control